One East Liberty LLC, a local investment firm managed by Blake Smith, purchased the U.S. Bank building in downtown Reno for $5.98 million this month.

Written by

Yun Long
ylong@rgj.com

One East Liberty LLC, a local investment group managed by Blake Smith, purchased the U.S. Bank building in downtown Reno for $5.98 million this month.

"Our business plan is to go in ... update, modernize and reposition the building," Smith said.

The group plans to spend more than $1.6 million to renovate and expand the 96,832 square foot, six-story building at 1 E. Liberty St. It will include more retail space, as well as infrastructure improvements. ...